GM Govt. Bailout?

[ChinoCharles]

No, see, I don't think you guys understand. You can't just completely disenfranchise 1 million + American workers, many of which came out of high school and directed their lives towards one industry. Those million people (who pay taxes too, by the way) are innocent victims of a much smaller contingent at the top.

The question is how do you provide help to the industry and ensure that this won't happen again. There has to be oversight, but to what extent? Yes, this is the government dipping hands into the private sector. Yes, it is mildly socialist... but the alternative would put some towns to bed and throw millions of people into an already bleak job market. Don't forget those workers have families... they'll suffer, too.

I think what you'll see is a bailout and then a phased retooling of the industry to make it more compact and specialized. I wouldn't be surprised if a lot of the offshoot makes (Saturn, Mercury, etc.) are discontinued and more focus put into the major brands that own them. A section of the bailout will probably be earmarked for R&D, and these companies are going to be expected to be turning out a much more viable product IE: no more Dodge Challengers and other absolutely moronic business moves. Lets see some innovation. Where is the damn petroleum-free vehicle?!